Automotive Lubricants Market by Product (Engine Oils, Transmission & Hydraulic Fluids), Vehicle (Passenger Cars, Two/Three-Wheeler), Type (Mineral Oil, Synthetic, Semi-synthetic Lubricant), Sales Channel (OEM, Aftermarket)- Global Forecast to 2025
The global automotive lubricants market is expected to grow at a CAGR of 7.3% from 2019 to reach $53.43 billion by 2025. Moreover, on volumetric basis, the market is expected to grow at a CAGR of 2.4% from 2019 to reach 26,632 thousand tons by 2025.
Succeeding an extensive secondary and primary research and in-depth analysis of the market scenario, the report carries out an impact analysis of the key industry drivers, restraints, and opportunities. The factors such as growing automotive industry, increasing production of vehicles, and rise in disposable income are driving the growth of the global automotive lubricants market. However, growing popularity of electric vehicles and volatile pricing of raw materials hinders the growth of this market.
The overall automotive lubricants market is segmented by product (engine oil, transmission & hydraulic fluid, gear oil, grease, process oil), vehicle (passenger cars, light weight commercial vehicle, two/three-wheeler), type (mineral, synthetic, semi-synthetic), sales channel (aftermarket, OEMs), and geography.
On the basis of product type, engine oil segment is estimated to account for the largest share of the overall automotive lubricants market in 2019 and is expected to continue its dominance during the forecast period. The large share of this segment is mainly attributed to the growing production of vehicles across the globe, rising consumer awareness regarding the use of oil, and huge demand from automobile aftermarket segment.
On the basis of vehicle type, automotive lubricants market for passenger cars is estimated to command the largest share of the overall automotive lubricants market in 2019. This is mainly attributed to growing production and ownership of passenger and general utility vehicles, high awareness regarding maintenance and use of lubricants among passenger cars owners, stringent government regulations related to emission, and improving road infrastructure and income levels.
An in-depth analysis of the geographical scenario of the automotive lubricants market provides detailed qualitative and quantitative insights about the six major geographies (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa) along with the coverage of major countries in each region. Asia-Pacific region is estimated to hold the largest share of the global automotive lubricants market in 2019, followed by North America, Europe, Latin America, Africa, and Middle East. The large share of this region is mainly attributed to growing economy; increasing urbanization and disposable income; rapid growth in the automotive industry; presence of key lubricant manufacturers; and growing transportation industry.
Key players operating in the global automotive lubricants market are Shell International B.V., Exxon Mobil Corporation, FUCHS PETROLUB SE, Motul, Phillips 66 Company, Repsol S.A., SK lubricants Co., Ltd., China National Petroleum Corporation, Klüber Lubrication München SE & Co. KG, Amsoil Inc., Petróleo Brasileiro S.A., Valvoline, Inc., JXTG Nippon Oil & Energy Corporation, Chevron Corporation, and BP P.L.C. (CASTROL).
Scope of the Report:
Market by Product
Engine Oil
Transmission & Hydraulic Fluids
Gear Oil
Grease
Process Oil
Others
Market by Vehicle Type
Passenger Cars
Light-Weight Commercial Vehicle
Heavy-Weight Commercial Vehicle
Two/Three Wheelers
Market by Type
Mineral Oil Lubricants
Synthetic Oil Lubricants
Semi-Synthetic Lubricants
Others
Market by Sales Channel
Aftermarket
Original Equipment Manufacturers (OEMs)
Market by Geography
North America
U.S.
Canada
Europe
Germany
France
Russia
Italy
U.K.
Rest of Europe
Asia-Pacific (APAC)
China
Japan
India
South Korea
Philippines
Rest of Asia-Pacific (RoAPAC)
Rest of the World (RoW)
Latin America
Middle East
Africa
Egypt
South Africa
Algeria
Nigeria
Morocco
Rest of Africa
- 1. Introduction
- 1.1. Market Ecosystem
- 1.2. Currency and Limitations
- 1.2.1. Currency
- 1.2.2. Limitations
- 1.3. Key Stakeholders
- 2. Research Methodology
- 2.1. Research Process
- 2.1.1. Secondary Research
- 2.1.2. Primary Research
- 2.1.3. Market Size Estimation
- 3. Executive Summery
- 3.1. Introduction
- 3.2. Segment Analysis
- 3.2.1. Product Type Analysis
- 3.2.2. Vehicle Type Analysis
- 3.2.3. Type Analysis
- 3.2.4. Sales Channel Analysis
- 3.3. Regional Analysis
- 3.4. Key Players
- 4. Market Insights
- 4.1. Introduction
- 4.2. Market Dynamics
- 4.2.1. Drivers
- 4.2.1.1. Growing Automotive Industry
- 4.2.1.2. Increasing Production of Vehicles
- 4.2.1.3. Rise in Disposable Income
- 4.2.2. Restraints
- 4.2.2.1. Growing Popularity of Electric Vehicles
- 4.2.2.2. Volatile Pricing of Raw Materials
- 4.2.3. Opportunity
- 4.2.3.1. Significant Opportunities from Emerging Economies
- 4.2.3.2. Increasing Demand for Environment-Friendly Lubricants
- 5. Automotive Lubricants Market, by Product
- 5.1. Introduction
- 5.2. Engine Oil
- 5.3. Transmission & Hydraulic Fluids
- 5.4. Gear Oil
- 5.5. Grease
- 5.6. Process Oil
- 5.7. Others
- 6. Global Automotive Lubricants Market, by Vehicle Type
- 6.1. Introduction
- 6.2. Passenger Cars
- 6.3. Light-Weight Commercial Vehicle
- 6.4. Heavy-Weight Commercial Vehicle
- 6.5. Two/Three Wheelers
- 7. Global Automotive Lubricants Market, by Type
- 7.1. Introduction
- 7.2. Mineral Oil Lubricants
- 7.3. Synthetic Oil Lubricants
- 7.4. Semi-Synthetic Lubricants
- 7.5. Others
- 8. Global Automotive Lubricants Market, by Sales Channel
- 8.1. Introduction
- 8.2. Original Equipment Manufacturers (OEMs)
- 8.3. Aftermarket
- 9. Automotive Lubricants Market, by Geography
- 9.1. Introduction
- 9.2. North America
- 9.2.1. U.S.
- 9.2.2. Canada
- 9.3. Europe
- 9.3.1. Introduction
- 9.3.2. Germany
- 9.3.3. France
- 9.3.4. Russia
- 9.3.5. Italy
- 9.3.6. U.K.
- 9.3.7. Rest of Europe
- 9.4. Asia-Pacific
- 9.4.1. Introduction
- 9.4.2. China
- 9.4.3. Japan
- 9.4.4. India
- 9.4.5. South Korea
- 9.4.6. Philippines
- 9.4.7. RoAPAC
- 9.5. Rest of The World (RoW)
- 9.5.1. Latin America
- 9.5.2. Middle East
- 9.6. Africa
- 9.6.1. Introduction
- 9.6.2. Egypt
- 9.6.3. South Africa
- 9.6.4. Algeria
- 9.6.5. Nigeria
- 9.6.6. Morocco
- 9.6.7. Rest of Africa
- 10. Competitive Landscape
- 10.1. Introduction
- 10.2. Partnerships, Collaborations, and Agreements
- 10.3. New Product Launches
- 10.4. Acquisitions and Mergers
- 10.5. Expansions
- 11. Company Profiles
- 11.1. Shell International B.V. (Subsidiary of Royal Dutch Shell Plc)
- 11.1.1. Business Overview
- 11.1.2. Financial Overview
- 11.1.3. Product Portfolio
- 11.1.4. Strategic Developments
- 11.2. Exxon Mobil Corporation
- 11.2.1. Business Overview
- 11.2.2. Financial Overview
- 11.2.3. Product Portfolio
- 11.2.4. Strategic Developments
- 11.3. FUCHS PETROLUB SE
- 11.3.1. Business Overview
- 11.3.2. Financial Overview
- 11.3.3. Product Portfolio
- 11.3.4. Strategic Developments
- 11.4. Motul
- 11.4.1. Business Overview
- 11.4.2. Financial Overview
- 11.4.3. Product Portfolio
- 11.5. Phillips 66 Company
- 11.5.1. Business Overview
- 11.5.2. Financial Overview
- 11.5.3. Product Portfolio
- 11.6. Repsol S.A.
- 11.6.1. Business Overview
- 11.6.2. Financial Overview
- 11.6.3. Product Portfolio
- 11.6.4. Strategic Developments
- 11.7. SK Lubricants Co., Ltd.
- 11.7.1. Business Overview
- 11.7.2. Financial Overview
- 11.7.3. Product Portfolio
- 11.7.4. Strategic Developments
- 11.8. China National Petroleum Corporation
- 11.8.1. Business Overview
- 11.8.2. Financial Overview
- 11.8.3. Product Portfolio
- 11.8.4. Strategic Developments
- 11.9. Klüber Lubrication München Se & Co. KG (Subsidiary of Freudenberg Group)
- 11.9.1. Business Overview
- 11.9.2. Financial Overview
- 11.9.3. Product Portfolio
- 11.9.4. Strategic Developments
- 11.10. Amsoil Inc.
- 11.10.1. Business Overview
- 11.10.2. Financial Overview
- 11.10.3. Product Portfolio
- 11.11. Petróleo Brasileiro S.A.
- 11.11.1. Business Overview
- 11.11.2. Financial Overview
- 11.11.3. Product Portfolio
- 11.11.4. Strategic Developments
- 11.12. Valvoline Inc.
- 11.12.1. Business Overview
- 11.12.2. Financial Overview
- 11.12.3. Product Portfolio
- 11.12.4. Strategic Developments
- 11.13. JXTG Nippon Oil & Energy Corporation (Subsidiary of JXTG Holdings, Inc.)
- 11.13.1. Business Overview
- 11.13.2. Financial Overview
- 11.13.3. Product Portfolio
- 11.14. Chevron Corporation
- 11.14.1. Business Overview
- 11.14.2. Financial Overview
- 11.14.3. Product Portfolio
- 11.14.4. Strategic Developments
- 11.15. BP P.L.C. (Castrol)
- 11.15.1. Business Overview
- 11.15.2. Financial Overview
- 11.15.3. Product Portfolio
- 11.15.4. Strategic Developments
- 12. Appendix
- 12.1. Questionnaire
- 12.2. Available Customization
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